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pension
(redirected from pensioning off)

    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia 0.03 sec.

pension

A regular payment (not wages) made to a person (or his/her family) after fulfilment of certain conditions of service; an organized retirement plan. Pension plans, which may be state-sponsored, occupational, or personal, vary widely in terms of contributions and provisions.

In the USA, the most significant provider of retirement income is the Social Security Administration, funded through non-voluntary contributions assessed on both employers and employees. Unions make employer contributions to pension plans an important element of their contract negotiations, and accumulated pension funds have become important sources of investment capital. Under federal tax regulations, individuals can deposit specified maximum amounts into personal retirement funds, have their income tax liability reduced by that amount as a deduction, and have taxes on the fund's interest deferred until they withdraw the money at or after retirement.
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McGrath also warned against pensioning off injured quick Brett Lee, who requires an operation on his left foot after sustaining stress fractures and will be out of action for at least six weeks.
McGrath backing new talent to come through for Aussies by South Wales Echo (Cardiff, Wales)
And they will have to write to those they are pensioning off six months before they are forced to leave.
Shield for workers 'too old' for job by Coventry Evening Telegraph (England)
PA Pres Mahmoud Abbas, appoint four new commanders to head security forces in the West Bank and Gaza, pensioning off a number of senior figures associated with the era of his predecessor Yassir Arafat.
PALESTINE - Apr 24 - Abbas Appoints New Security Chiefs In Unity Drive by APS Diplomat Recorder
 
 
 
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